Conventional Gilts
These are the simplest form of UK government bond and make up the largest share of UK government debt (30% as of March 2008). A conventional gilt is a bond issued by the UK government which pays the holder a fixed cash payment (or coupon) every six months until maturity, at which point the holder receives his final coupon payment and the return of the principal.
Read more about this topic: Gilt-edged Securities
Famous quotes containing the word conventional:
“No one who has lived even for a fleeting moment for something other than life in its conventional sense and has experienced the exaltation that this feeling produces can then renounce his new freedom so easily.”
—André Breton (1896–1966)